Turnover tax review and “Family business” exemption from taxes discussed at SME Development Council

11.06.2014 Eleventh SME Development Council, chaired by the Prime Minister Hovik Abrahamyan took place.

Turnover tax percentage for trade area businesses will be decreased from 3.5 to 1 % with the condition of submission of documentation by the SMEs, however the inspection procedures by the tax authorities will be  simplified and be held in 1 working day only. The changes are expected to be in force since October 1.

In case of document absence several levels of ...

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Organizations supporting business development met to discuss the constructive basis for cooperation

On June 5th UITE and “SME Cooperation Association” NGO organized a meeting of organizations supporting business development with the goal to strengthen their further cooperation and develop common approaches and activities to contribute to  business environment improvement in Armenia. The organizations are going to sign a memorandum, where the common principles and directions of activities to support business development, will be summarized. The cooperation format is open for any organization involved in business development ...

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